Friday, December 21, 2012

How To Become a Successful Investor

By Dale Poyser


Get Ready to Make Money - imagination required.

There are two sayings I live by when it comes to investing.

1 - Money is just an idea, people who lack money simply lack ideas.

2 - If you are willing enough, you will always find a way to make something happen

Living by these words has greatly helped me in my investment career. All the planning in the world won't prevent you from hitting a few hurdles in life. Everything you do has some degree of risk.

Well, now that I got that boring part out of the way, let's talk about the fun part.

Investing can be very rewarding and quite fun, if you do it right. There are some keys to doing well and they are pretty straight forward.

1) Research research research - Learn before you earn.

Most people get into money making ideas based on stories of quick payments and being able to make millions with little or no effort. It is realistic to make a lot of money in investing but some initial effort will be required to get the ball rolling.

Never take on anything without proper knowledge on the ins and outs of what you will be doing. Leaping without a parachute is a sure way to failure.

2) When choosing an investment strategy, it should be based on more than just the promise of making a lot of money.

Choose investment strategies that match your personality type. For example, if you know you are an introvert or really shy, don't go after opportunities that will require you to have a lot of face to face contact or make sales pitches. If you are not the people pleaser then something like that would not be your cup of tea.

Another example, if you are a detail oriented person that likes to see data, then maybe there is an opportunity for you in stock options trading, or real estate investing.

Take a note of your strengths and weaknesses, then choose a strategy that gels with your strengths. I used this technique to take stock of my natural abilities and this eventually lead me to options trading online and internet marketing. I love the idea of working from home.

3) Be open to unique possibilities

At the end of the day, the only thing stopping you is you. There are countless ways to make money. Don't listen to the nay sayers and doubters. If you have a strong desire to do something, just do it!

I will bet my monthly earnings (a lot of money) that if you asked all the millionaires if someone at one time told them they would fail, ALL of them would say yes.




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